Eugene Greenberg, CEO and Co-Founder at Click-Ins: An estimated $120 billion USD are lost to insurance fraud, but that amount is reflective of investigated cases only. $300-$400 billion USD account for non-investigated fraud losses
500 Billion USD are lost to insurance fraud – this is the estimation of Eugene Greenberg, CEO and Co-Founder at Click-Ins.
Click-Ins offers a next-generation, automated SaaS solution for insurance companies, and the automotive industry that detects any external damage, and turns the damage into unique identifiers, like a fingerprint. Click-Ins requires digital images of the vehicle – a digital image from just the click of any camera or smartphone, no additional equipment or app is required.
Utilizing engineering methods and Artificial Intelligence, Click-Ins is able to refine processes for companies to resolve the pains of antiquated inspection methods and human errors, as well as detect fraudulent claims.
Greenberg, in a conversation with INSURTECH ISRAEL NEWS, says that Click-Ins solves the problems of fraudulent auto insurance claims (including build-up or “soft” fraud), antiquated damage detection methods, and human errors in the inspection, underwriting, and claims processes.
How big is the phenomenon of insurance fraud?
Greenberg: An estimated $120 billion USD are lost to insurance fraud, but that amount is reflective of investigated cases only. $300-$400 billion USD account for non-investigated fraud losses.
Besides insurance, what other markets are you focusing on?
Greenberg: Our other verticals are car rental and car sharing companies, as well as dealerships. Our target markets are Israel, Europe, and North America.
What insurance companies are you currently working with?
Greenberg: In Israel, we are working with Hachshara go. We are also implementing with Shlomo Group (local subsidiary of SIXT).
What investments were made in the company?
Greenberg: We have raised over $4 million USD from angel investors, and a partnership investment from Shlomo Group. We also received funding from the Israel Innovation Authority.
What is your personal and professional background?
Greenberg: My domain expertise is in insurance. I have nearly 30 years of experience working in C-level positions in insurance companies. I have also studied economics and insurance in Moldova and in Israel. While I am busy and focused on our business, I do enjoy spending time with my family, or in a gym practicing boxing or taekwondo.
Tell me about other key people in Click-Ins management.
Greenberg: My partner and the co-founder of Click-Ins is Dmitry “Dima” Geyzersky, who is our Chief Technology Officer. He has more than two decades of experience in software architecture and in building military-grade intelligence systems.